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Gold Reserve Inc.

$4.8 +$3.12 (+185.71%)
OTC · 14 Sep 2026 18:14 UTC
Previous Close
$4.8
Day Range
$4.61$4.83
Year Range
$1.15$5.6
Market Cap
579.26M
AVG Volume
129.79K
Trailing/Forward PE
-16.69/-
PEG ratio
0.45
Dividend Yield
-
Next Earnings Date
-
Primary Exchange
Other OTCUS
Revenue (USD)
0500K1M1.5M2016201720182019202020212022202320242025
GDRZF Revenue (USD) by year
PeriodRevenue (USD)
2025863.46K
20241.22M
2023716.3K
2022466.67K
20210
20200
20190
20180
20170
20160
Net Income (USD)
-50M050M100M2016201720182019202020212022202320242025
GDRZF Net Income (USD) by year
PeriodNet Income (USD)
2025-34.36M
2024-15.01M
2023-23.12M
2022-8.6M
2021-10.6M
2020-11.52M
2019-13.15M
201841.86M
201789.51M
2016-21.55M
Operating Income (USD)
-30M-20M-10M02016201720182019202020212022202320242025
GDRZF Operating Income (USD) by year
PeriodOperating Income (USD)
2025-10.27M
2024-10.98M
2023-6.84M
2022-6.86M
2021-9.06M
2020-6.41M
2019-11.92M
2018-13.1M
2017-29.51M
2016-5.3M
EBITDA (USD)
-50M050M100M150M2016201720182019202020212022202320242025
GDRZF EBITDA (USD) by year
PeriodEBITDA (USD)
2025-16.76M
2024-13.51M
2023-6.1M
2022-7.29M
2021-9.03M
2020-7.36M
2019-11.79M
2018-46.16M
2017130.69M
2016-9.68M
Cash Flows (USD)
-80M-60M-40M-20M02016201720182019202020212022202320242025
GDRZF Cash Flows (USD) by year
PeriodCash Flows (USD)
2025-30.21M
2024-11.94M
2023-14.12M
2022-6.36M
2021-8.61M
2020-4.61M
2019-10.28M
2018-64.34M
2017-47.59M
2016-11.24M
EPS (USD)
-0.500.512016201720182019202020212022202320242025
GDRZF EPS (USD) by year
PeriodEPS (USD)
2025-0.29
2024-0.14
2023-0.23
2022-0.09
2021-0.11
2020-0.12
2019-0.13
20180.42
20170.89
2016-0.25
Expenses (USD)
-10M010M20M30MSG&ACapex2016201720182019202020212022202320242025
GDRZF Expenses (USD) by year
PeriodExpenses (USD)
202510.29M
202410.96M
202313.55M
20227.11M
20217.79M
20205.95M
20196.73M
20188.73M
201727.43M
20165.65M
Cash & Debt (USD)
050M100M150MCashLong Term DebtShort Term Debt2016201720182019202020212022202320242025
GDRZF Cash & Debt (USD) by year
PeriodCash & Debt (USD)
202577.89M
202478.37M
202338.87M
202242.98M
202149.22M
202057.5M
201962M
2018147.93M
2017137.91M
201636.29M
Debt ratios
-4-202420182019202020212022202320242025
GDRZF Debt ratios by year
PeriodDebt ratios
20251.78
20242.18
20231.31
20221.21
20210.66
2020-0.88
2019-0.98
2018-2.23
Margins
-50%0%50%100%2022202320242025
GDRZF Margins by year
PeriodMargins
202585.77%
202499.12%
202395.52%
2022-22.04%
Return on Capital
-1000%-750%-500%-250%0%250%2016201720182019202020212022202320242025
GDRZF Return on Capital by year
PeriodReturn on Capital
2025-57.32%
2024-23.06%
2023-81.32%
2022-16.66%
2021-17.65%
2020-16.83%
2019-16.58%
201824.92%
201771.17%
2016-765.57%
Shares Outstanding
050M100M150M2016201720182019202020212022202320242025
GDRZF Shares Outstanding by year
PeriodShares Outstanding
2025122.71M
2024113.04M
202399.55M
202299.55M
202199.55M
202099.39M
201999.39M
201899.39M
201795.42M
201687.52M
Dividends (USD)
00.511.522019
GDRZF Dividends (USD) by year
PeriodDividends (USD)
20190.77
Employee Count
051015202001200220032004200520082012201320142022
GDRZF Employee Count by year
PeriodEmployee Count
20225
20148
201320
201220
200810
200510
200410
20038
20028
20018
Book Value Per Share (USD)
00.511.522016201720182019202020212022202320242025
GDRZF Book Value Per Share (USD) by year
PeriodBook Value Per Share (USD)
20250.49
20240.58
20230.29
20220.52
20210.6
20200.69
20190.8
20181.69
20171.32
20160.03
Total Assets (USD)
050M100M150M200M2016201720182019202020212022202320242025
GDRZF Total Assets (USD) by year
PeriodTotal Assets (USD)
202579.03M
202479.28M
202339.54M
202252.94M
202160.64M
202069.44M
201980.27M
2018168.65M
2017150.7M
201648.49M
PE Ratio
02.557.51012.5med 3.23Nov 17Mar 18Jun 18Oct 18Jan 19May 19Aug 19
GDRZF PE Ratio by year
PeriodPE Ratio
Aug 194.27
Aug 194.13
Aug 194.36
Jul 194.01
Jul 194.24
Jul 194.13
Jul 194.27
Jun 194.39
Jun 193.73
Jun 194.54
Jun 195.82
May 196.03
May 195.65
May 195.93
May 196.01
May 196.17
Apr 195.82
Apr 193.31
Apr 193.37
Apr 193.32
Mar 193.52
Mar 193.36
Mar 193.57
Mar 193.53
Mar 193.23
Feb 193.29
Feb 193.29
Feb 193.36
Feb 193.03
Jan 193.09
Jan 192.83
Jan 193.03
Jan 192.8
Dec 181.93
Dec 182.02
Dec 182.02
Dec 182.2
Nov 182.25
Nov 182.01
Nov 182.14
Nov 182.32
Nov 182.28
Oct 182.34
Oct 182.4
Oct 182.47
Oct 182.34
Sep 182.3
Sep 182.68
Sep 182.77
Sep 182.78
Aug 182.53
Aug 182.58
Aug 182.81
Aug 182.56
Aug 182.47
Jul 182.5
Jul 182.41
Jul 182.51
Jul 182.45
Jun 182.66
Jun 182.68
Jun 182.98
Jun 182.7
Jun 182.46
May 182.25
May 182.4
May 182.39
May 182.4
Apr 182.78
Apr 182.83
Apr 182.69
Apr 182.67
Mar 183.29
Mar 183.1
Mar 183.23
Mar 183.04
Mar 183.28
Feb 183.4
Feb 183.38
Feb 183.1
Feb 183.13
Jan 183.09
Jan 183.55
Jan 183.8
Jan 183.86
Dec 174.16
Dec 176.82
Dec 177.53
Dec 177.83
Dec 178.63
Nov 178.39
Nov 179.3
Nov 179.86
Nov 1710.12
Oct 1710.11
Oct 1710.44
Oct 1710.61
Oct 1710.11
Sep 1710.36
Free Cash Flow Yield
-20%-15%-10%-5%0%med -6.15%Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
GDRZF Free Cash Flow Yield by year
PeriodFree Cash Flow Yield
Sep 26-5.9%
Sep 26-5.78%
Aug 26-5.89%
Aug 26-5.93%
Aug 26-6.17%
Aug 26-6.04%
Jul 26-6.24%
Jul 26-6.09%
Jul 26-6.23%
Jul 26-6.13%
Jul 26-6.11%
Jun 26-5.41%
Jun 26-5.07%
Jun 26-5.07%
Jun 26-5.1%
May 26-5.25%
May 26-5.29%
May 26-5.03%
May 26-4.92%
May 26-6.17%
Apr 26-6.12%
Apr 26-5.86%
Apr 26-5.73%
Apr 26-6.08%
Mar 26-4.24%
Mar 26-3.8%
Mar 26-3.56%
Mar 26-3.49%
Feb 26-4.32%
Feb 26-4.62%
Feb 26-4.64%
Feb 26-5.67%
Jan 26-4.56%
Jan 26-4.27%
Jan 26-4.31%
Jan 26-4.3%
Jan 26-10.17%
Dec 25-10.12%
Dec 25-10.06%
Dec 25-11.38%
Dec 25-10.82%
Nov 25-13.73%
Nov 25-15.05%
Nov 25-12.36%
Nov 25-11.09%
Oct 25-11.46%
Oct 25-12.54%
Oct 25-11.61%
Oct 25-11.31%
Oct 25-10.68%
Sep 25-6.54%
Sep 25-7.27%
Sep 25-4.97%
Sep 25-4.91%
Aug 25-4.47%
Aug 25-4.25%
Aug 25-4.08%
Aug 25-2.94%
Aug 25-2.95%
Jul 25-2.96%
Jul 25-2.92%
Jul 25-3.26%
Jul 25-3.62%
Jun 25-5.31%
Jun 25-5.13%
Jun 25-5.28%
Jun 25-5.39%
May 25-5.87%
May 25-7.54%
May 25-7.18%
May 25-6.9%
May 25-6.68%
Apr 25-6.68%
Apr 25-6.95%
Apr 25-5.42%
Apr 25-6.81%
Mar 25-8.75%
Mar 25-7.34%
Mar 25-7.41%
Mar 25-9.06%
Feb 25-8.56%
Feb 25-8.47%
Feb 25-7.98%
Feb 25-8.96%
Jan 25-8.96%
Jan 25-9.81%
Jan 25-10.93%
Jan 25-11%
Jan 25-10.27%
Dec 24-9.94%
Dec 24-10.63%
Dec 24-10%
Dec 24-9.34%
Nov 24-9.94%
Nov 24-7.66%
Nov 24-8.15%
Nov 24-9.23%
Nov 24-7.26%
Oct 24-6.39%
Oct 24-5.99%
Price to Sales
0200400600800med 189.76Oct 24Jan 25May 25Aug 25Nov 25Mar 26Jun 26
GDRZF Price to Sales by year
PeriodPrice to Sales
Jun 26646.65
Jun 26690.71
Jun 26690.71
Jun 26686.44
May 26666.55
May 26660.86
May 26694.97
May 26710.6
May 26567.06
Apr 26571.32
Apr 26596.91
Apr 26611.12
Apr 26575.59
Mar 26558.02
Mar 26623.1
Mar 26664.64
Mar 26678.48
Feb 26546.94
Feb 26512.32
Feb 26509.55
Feb 26416.78
Jan 26519.25
Jan 26553.86
Jan 26548.32
Jan 26549.71
Jan 26232.62
Dec 25198.93
Dec 25200.09
Dec 25176.82
Dec 25186.13
Nov 25146.58
Nov 25133.78
Nov 25162.86
Nov 25181.48
Oct 25175.66
Oct 25160.54
Oct 25173.33
Oct 25177.99
Oct 25188.46
Sep 25174.74
Sep 25157.07
Sep 25229.72
Sep 25232.66
Aug 25255.24
Aug 25268.98
Aug 25279.78
Aug 25388.75
Aug 25387.77
Jul 25385.8
Jul 25391.7
Jul 25350.46
Jul 25315.12
Jun 25184.57
Jun 25191.06
Jun 25185.49
Jun 25181.78
May 25166.94
May 25129.85
May 25136.34
May 25141.9
May 25146.54
Apr 25146.54
Apr 25140.98
Apr 25180.86
Apr 25143.76
Mar 25162.79
Mar 25194.24
Mar 25192.39
Mar 25157.24
Feb 25166.49
Feb 25168.34
Feb 25178.52
Feb 25159.09
Jan 25159.09
Jan 25145.22
Jan 25130.42
Jan 25129.5
Jan 25138.74
Dec 24143.37
Dec 24134.12
Dec 24142.44
Dec 24152.62
Nov 24143.37
Nov 24126.27
Nov 24118.69
Nov 24104.8
Nov 24133.21
Oct 24151.52
Oct 24161.62
Oct 24158.47
Oct 24170.46
Sep 24107.33
Sep 24228.54
Sep 24227.28
Sep 24233.59
Aug 24239.91
Aug 24249.38
Aug 24218.76
Aug 24222.47
Aug 24234.83
EV/EBITDA
0246med 1.26Nov 17Jan 18Mar 18Jun 18Aug 18Oct 18Dec 18
GDRZF EV/EBITDA by year
PeriodEV/EBITDA
Dec 181.56
Dec 181.72
Dec 181.72
Dec 182.08
Nov 182.16
Nov 181.71
Nov 181.96
Nov 182.29
Nov 182.22
Oct 182.35
Oct 182.46
Oct 182.58
Oct 182.35
Sep 182.26
Sep 180.91
Sep 180.97
Sep 180.98
Aug 180.8
Aug 180.84
Aug 181
Aug 180.82
Aug 180.76
Jul 180.78
Jul 180.72
Jul 180.79
Jul 180.75
Jun 180.89
Jun 180.78
Jun 180.99
Jun 180.79
Jun 180.63
May 180.48
May 180.59
May 180.58
May 180.59
Apr 180.85
Apr 180.88
Apr 180.78
Apr 180.77
Mar 181.24
Mar 181.13
Mar 181.2
Mar 181.09
Mar 181.23
Feb 181.3
Feb 181.29
Feb 181.13
Feb 181.14
Jan 181.13
Jan 181.39
Jan 181.53
Jan 181.57
Dec 171.74
Dec 173.67
Dec 174.08
Dec 174.25
Dec 174.7
Nov 174.57
Nov 175.08
Nov 175.4
Nov 175.55
Oct 175.54
Oct 175.73
Oct 175.83
Oct 175.54
Sep 175.69
Price to Book
02.557.51012.5med 4.77Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
GDRZF Price to Book by year
PeriodPrice to Book
Sep 265.1
Sep 265.21
Aug 265.11
Aug 265.08
Aug 264.88
Aug 264.98
Jul 264.82
Jul 264.94
Jul 264.83
Jul 264.91
Jul 264.93
Jun 269.31
Jun 269.95
Jun 269.95
Jun 269.89
May 269.6
May 269.52
May 2610.01
May 2610.23
May 268.17
Apr 268.23
Apr 268.6
Apr 268.8
Apr 268.29
Mar 266.66
Mar 267.44
Mar 267.94
Mar 268.1
Feb 266.53
Feb 266.12
Feb 266.08
Feb 264.98
Jan 266.2
Jan 266.61
Jan 266.55
Jan 266.56
Jan 262.78
Dec 253.24
Dec 253.25
Dec 252.88
Dec 253.03
Nov 252.38
Nov 252.18
Nov 252.65
Nov 252.95
Oct 252.86
Oct 252.61
Oct 252.82
Oct 252.9
Oct 253.07
Sep 253.54
Sep 253.18
Sep 254.65
Sep 254.71
Aug 255.17
Aug 255.45
Aug 255.66
Aug 257.87
Aug 257.85
Jul 257.81
Jul 257.93
Jul 257.09
Jul 256.38
Jun 253.46
Jun 253.58
Jun 253.47
Jun 253.41
May 253.13
May 252.43
May 252.55
May 252.66
May 252.75
Apr 252.75
Apr 252.64
Apr 253.39
Apr 252.69
Mar 252.82
Mar 253.37
Mar 253.33
Mar 252.73
Feb 252.89
Feb 252.92
Feb 253.09
Feb 252.76
Jan 252.76
Jan 252.52
Jan 252.26
Jan 252.24
Jan 252.4
Dec 242.48
Dec 242.32
Dec 242.47
Dec 242.65
Nov 242.48
Nov 245.31
Nov 244.99
Nov 244.41
Nov 245.6
Oct 246.38
Oct 246.8
Gold Reserve Inc.
GDRZF
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News: GDRZF

Gold Reserve Announces Intention to Commence Normal Course Issuer Bid

businesswire.com · 3 Sep 2026

Gold Reserve Announces Intention to Commence Normal Course Issuer Bid

PEMBROKE, Bermuda--(BUSINESS WIRE)--Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) ("Gold Reserve" or the "Company") today announces its intention to commence a normal course issuer bid through the facilities of the TSX Venture Exchange (the "TSXV") and any alternative authorized Canadian trading systems to repurchase, for cancellation, up to 7,393,451 common shares of the Company, representing 5% of the Company's presently issued and outstanding common shares (the “NCIB”). The NCI.

Gold Reserve Successfully Overcomes Rusoro Mining Ltd.'s Motion to Dismiss in Court of Chancery Proceedings

businesswire.com · 17 Aug 2026

Gold Reserve Successfully Overcomes Rusoro Mining Ltd.'s Motion to Dismiss in Court of Chancery Proceedings

PEMBROKE, Bermuda--(BUSINESS WIRE)--Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) announced today that it has successfully overcome a Motion to Dismiss brought by the defendant, Rusoro Mining Ltd. (“Rusoro”), in their proceedings in the Court of Chancery. The dispute arises from a consortium agreement entered into by Gold Reserve and Rusoro in connection with their joint bid for the judicial sale of shares of PDVH pending before the U.S. District.

Gold Reserve Joyously Announces the Release of José Ignacio Moreno Suárez After Three Years of Imprisonment

businesswire.com · 17 Aug 2026

Gold Reserve Joyously Announces the Release of José Ignacio Moreno Suárez After Three Years of Imprisonment

PEMBROKE, Bermuda--(BUSINESS WIRE)--Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) is very pleased to announce the release of José Ignacio Moreno Suárez from the Rodeo I prison in Venezuela. José was the Company's attorney and legal representative in Venezuela when he was detained as a political prisoner. He was held for over three years while he awaited a criminal trial that never began. José's family and the Gold Reserve team never gave up hope f.

Gold Reserve Provides Update on Its Litigation and Arbitration Proceedings

businesswire.com · 14 Aug 2026

Gold Reserve Provides Update on Its Litigation and Arbitration Proceedings

PEMBROKE, Bermuda--(BUSINESS WIRE)--Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) today provided an update on the next scheduled dates in connection with certain litigation and arbitration proceedings involving the Company. The Company advises that the following proceedings are currently scheduled: Court of Chancery – Rusoro's Motion to Dismiss: The Court of Chancery is expected to render its decision on the motion to dismiss brought by defendant.

Gold Reserve Announces Intention to Make Further CVR/Bonus Settlement Offers, to Make Offers to Optionholders, and to Amend Equity Incentive Plan

businesswire.com · 13 Aug 2026

Gold Reserve Announces Intention to Make Further CVR/Bonus Settlement Offers, to Make Offers to Optionholders, and to Amend Equity Incentive Plan

PEMBROKE, Bermuda--(BUSINESS WIRE)--Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) announced today that it intends to make further offers to holders of its outstanding contingent value rights (“CVRs”) and to participants in its 2012 bonus plan (“Bonus Plan”) to settle such entitlements. The proposed settlement offers are expected to be made on substantially the same terms as the settlement offers previously made by the Company to CVR holders and Bo.

Gold Reserve Begins Deploying Venezuela Earthquake Relief Funds, Urges Business Community to Join the Effort

businesswire.com · 2 Jul 2026

Gold Reserve Begins Deploying Venezuela Earthquake Relief Funds, Urges Business Community to Join the Effort

PEMBROKE, Bermuda--(BUSINESS WIRE)--Gold Reserve Ltd. (“Gold Reserve” or the “Company”) (TSX-V: GRZ, BSX: GRZ.BH, OTCQX: GDRZF) today announced that it has begun deploying funds from its previously announced US$1 million earthquake relief commitment to three organizations with established and complementary operational capacity in Venezuela: Samaritan's Purse, Catholic Relief Services and World Vision. These organizations were identified in coordination with the U.S. Embassy in Caracas and U.S.

Gold Reserve Commits US$1 Million to Support Earthquake Relief Efforts in Venezuela

businesswire.com · 25 Jun 2026

Gold Reserve Commits US$1 Million to Support Earthquake Relief Efforts in Venezuela

PEMBROKE, Bermuda--(BUSINESS WIRE)--Gold Reserve Ltd. (“Gold Reserve” or the “Company”) (TSX-V: GRZ, BSX: GRZ.BH, OTCQX: GDRZF) today announced it will donate US$1 million to support emergency relief and recovery efforts following the catastrophic earthquakes that struck Venezuela on June 24, 2026. Gold Reserve is coordinating its donations through the U.S. embassy, in consultation with Venezuelan authorities, to help ensure that funds reach the appropriate communities most affected by the disa.

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Disclaimer: The historical data presented on this platform is provided by Financial Modeling Prep. Stock Picker is a platform for informational purposes only and does not provide financial advice. Users are encouraged to conduct their own research and consult with a qualified financial advisor before making investment decisions.